Archive for the renting property Category

Are You Paying Off Someone Else’s Mortgage?

January29
Jah Cure - "What Will it Take?"   What will it take so you will feel comfortable to make a decision to get out of the rent race and become a homeowner?  I would suggest first that you compare your rent with a mortgage payment on a similar size prop… Read More

Let Your Tenants Send Your Kids to College!

December21
"Going Away to College" by Blink-182 Most people have lots of things to save for but not always enough discretionary income after life essentials have been met. A relatively small monetary investment in a rental home or small plex can control a good property that will easily rent, generate positive cash flows and pay for itself. The borrowed funds create leverage that earn a return on the total value of the home and not just the amount of cash you have invested. And, (carefully and sensibly) leveraging other people's money is a very good strategy! The plan is to find a single family, smal… Read More

Calculating the Costs of Renting vs Owning!

August21
"The Calculation" - Regina Spektor   If for no other reason, the decision to buy a home should be considered when it costs much less to own a home than it does to rent. With the unusually low available mortgage rates, the payment is generally less… Read More

Did You Know??? Renting Your Home Tax Free!

July30
"The Taxman" - The Beatles Do you have a 2nd home or have you ever considered purchasing one?  Have you ever considered renting out your primary residence while gone on business or vacation?  Did you know that homeowners can benefit from a little known provision in the tax code that does not require taxpayers to recognize the income derived from renting their home for less than 15 days per year. See Rental of property also used as home on IRS.gov.  I'm always interested in legal ways to protect income from taxes!  :-) Large sporting events like golf and tennis tournaments, champio… Read More
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